Inceptionr LLC Makes New $623,000 Investment in BOK Financial Co. (NASDAQ:BOKF)

Inceptionr LLC acquired a new position in BOK Financial Co. (NASDAQ:BOKF - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 5,854 shares of the bank's stock, valued at approximately $623,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BOKF. Venturi Wealth Management LLC raised its position in BOK Financial by 33.8% during the fourth quarter. Venturi Wealth Management LLC now owns 396 shares of the bank's stock valued at $42,000 after buying an additional 100 shares during the period. KBC Group NV increased its holdings in shares of BOK Financial by 25.3% in the 3rd quarter. KBC Group NV now owns 905 shares of the bank's stock valued at $95,000 after purchasing an additional 183 shares during the period. US Bancorp DE lifted its position in shares of BOK Financial by 12.5% in the fourth quarter. US Bancorp DE now owns 1,088 shares of the bank's stock worth $116,000 after purchasing an additional 121 shares in the last quarter. Prospera Private Wealth LLC acquired a new stake in shares of BOK Financial during the third quarter worth approximately $142,000. Finally, SageView Advisory Group LLC purchased a new position in BOK Financial during the third quarter valued at approximately $200,000. 34.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BOKF. Keefe, Bruyette & Woods increased their target price on shares of BOK Financial from $112.00 to $125.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. Wells Fargo & Company increased their price objective on BOK Financial from $105.00 to $112.00 and gave the stock an "equal weight" rating in a report on Tuesday, December 3rd. StockNews.com raised BOK Financial from a "hold" rating to a "buy" rating in a research report on Wednesday, January 22nd. Royal Bank of Canada upped their target price on BOK Financial from $115.00 to $120.00 and gave the stock a "sector perform" rating in a research report on Wednesday, January 22nd. Finally, Stephens reduced their price target on BOK Financial from $135.00 to $127.00 and set an "equal weight" rating for the company in a report on Wednesday, January 22nd. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $116.40.

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BOK Financial Stock Performance

Shares of NASDAQ:BOKF traded down $0.30 during trading on Tuesday, reaching $98.85. The stock had a trading volume of 125,445 shares, compared to its average volume of 143,660. The company has a quick ratio of 0.79, a current ratio of 0.75 and a debt-to-equity ratio of 0.57. The stock has a fifty day simple moving average of $108.95 and a two-hundred day simple moving average of $109.30. The firm has a market capitalization of $6.35 billion, a price-to-earnings ratio of 12.16 and a beta of 1.20. BOK Financial Co. has a 52 week low of $85.02 and a 52 week high of $121.58.

BOK Financial (NASDAQ:BOKF - Get Free Report) last announced its earnings results on Friday, January 17th. The bank reported $2.12 EPS for the quarter, topping the consensus estimate of $1.97 by $0.15. BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. As a group, analysts anticipate that BOK Financial Co. will post 8.83 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a dividend of $0.57 per share. The ex-dividend date was Wednesday, February 12th. This represents a $2.28 annualized dividend and a yield of 2.31%. BOK Financial's payout ratio is 28.04%.

BOK Financial Profile

BOK Financial Corporation operates as the financial holding company for BOKF, NA that provides various financial products and services in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri. It operates through three segments: Commercial Banking, Consumer Banking, and Wealth Management.